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Rate Updates for Fostering Futures Scholarship and Tuition Incentive Program
Starting with the Academic Year 2025-26, students who receive the Fostering Futures Scholarship will now be eligible for a maximum award up to $5,000 per academic year.
In addition to the increased award amount, the distribution of funds has also been improved to benefit students:
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Up to $2,000 of the award ($1,000 per semester) may be used for tuition, fees, books, and supplies.
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The books and supplies portion is based on the amount defined by the students’ Cost of Attendance (COA) and can be applied towards direct or indirect costs.
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Up to $3,000 of the award ($1,500 per semester) may be used to cover the Cost of Attendance (COA).
MiSSG Updates Related to the Fostering Futures Scholarship:
Updates to MiSSG include:
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New award amounts – Now Available!
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Certification Roster “Room/Board” label to be modified to “COA” – Coming Soon!
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Enter Adjustment “Payment Adjustment Amount - Room/Board” to be modified to "Payment Adjustment Amount – COA” – Coming Soon!
Why the Changes:
These updates will allow students receiving this award to access more funds to help cover their indirect costs associated with attending college.
Tuition Incentive Program (TIP) Rate
Per Public Act No. 120 of 2024, the tuition rate that may be received for TIP at participating private or independent degree-granting institutions is calculated annually by averaging the standard in-district tuition rates of participating Michigan community colleges. The 2025-26 rate is $135 per credit hour and has been prepopulated in MiSSG.
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